In Case 14

question 64

Multiple Choice

In Case 14.3,Jones v.Star Credit Corp. ,the factor that was not considered by the court when it declared a contract for the pur?chase of a freezer unconscionable is that

• A)the price the plaintiffs were charged was more than four times the freezer's retail value.
• B)the credit charges alone exceeded the freezer's retail value.
• C)the seller knew of the buyers' limited resources.
• D)the freezer was not merchantable.

---

Definitions:

Organizational Meeting

The initial meeting held by the incorporators or directors of a new corporation to complete the formation of the corporation and to establish its internal affairs.

Incorporation Process

The series of steps required to legally create a corporation, including the filing of articles of incorporation with the relevant state authority and compliance with regulatory requirements.

Charter Issued

The granting of legal authorization or a set of rights and privileges from a government or authority to create and operate an organization.

Incorporator

An individual or entity that establishes and files the legal documentation required to form and register a corporation.